INHALT

2014/884/EU: Commission Decision of 11 March 2014 on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC (notified under document C(2014) 1280) Text with EEA relevance

COMMISSION DECISION
of 11 March 2014
on State aid SA.34445 (12/C) implemented by Denmark for the transfer of property-related assets from FIH to the FSC
(notified under document C(2014) 1280)
(Only the English text is authentic)
(Text with EEA relevance)
(2014/884/EU)
1.
PROCEDURE
2.
DESCRIPTION
2.1. THE BENEFICIARY
2.2. THE EVENTS TRIGGERING THE AID MEASURES
2.3. THE AID MEASURES
2.4. THE FORMAL INVESTIGATION PROCEDURE
3.
RESTRUCTURING
3.1. THE RESTRUCTURING PLAN
3.2. ACTIONS TAKEN BY DENMARK TO ADDRESS THE CONCERNS RAISED BY THE COMMISSION
3.3. COMMITMENTS PROPOSED BY DENMARK
4.
POSITION OF THE DANISH AUTHORITIES
5.
ASSESSMENT
5.1. EXISTENCE OF STATE AID
5.1.1.
State resources
5.1.2.
Existence of an advantage
5.1.3.
Selectivity
5.1.4.
Distortion of competition and effect on trade between Member States
5.2. AMOUNT OF AID
5.3. COMPATIBILITY
5.3.1.
Legal basis for the compatibility of the aid
5.3.2.
Compatibility of the measures with the Impaired Assets Communication
5.3.3.
Compatibility of the aid with the Restructuring Communication and the 2011 Prolongation Communication
(84)
(i)
Viability
(ii)
Burden-sharing
(iii)
Distortion of competition
5.4. CONCLUSION AND CLOSURE OF THE OPENING OF THE FORMAL INVESTIGATION PROCEDURE
Article 1
Article 2
ANNEX
TERM SHEET (CASE SA.34445) DENMARK — RESTRUCTURING PLAN OF FIH
1.
Background
2.
Definitions
3.
General
4.
Structural measures
4.1. Acquisition Finance
4.2. Closure of the Property Finance business
4.3. Divestiture of the Private Equity business
4.4. Mortgage Bank
5.
Behavioural measures and corporate governance
6.
Capital relief
7.
Reporting